My conveyancer has uncovered a a problem with the lease for the apartment we are buying in Uppingham. The seller’s lawyers have offered defective title insurance as a solution. We are happy with insurance and will pay for it. Our lawyer says that he must ensure that the bank is happy with this solution. Are we the client or is the bank?

Regardless of the fact that you have a mortgage offer from the bank does not mean to say that the property will meet their conditions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook specifications. You and the lender are the client. The appropriate lender provisions must be adhered to.

Can I use your services to locate a Conveyancing solicitor in Uppingham even where I’m not purchasing or disposing of a house, for example if I intend to buy a shop in Uppingham with a mortgage from Aldermore?

The service is primarily used to locate residential conveyancing solicitors in Uppingham but we have recorded towards the bottom of this page a few Uppingham commercial conveyancing firms. You will need to make contact with the company directly to see if they are also authorised to represent Aldermore

Due to the guidance of my in-laws I had a survey completed on a house in Uppingham in advance of instructing lawyers. I have been advised that there is a flying freehold overhang to the property. My surveyor has said that some banks will not issue a loan on a flying freehold property.

It varies from the lender to lender. Bank of Scotland has different instructions for example to Halifax. Should you wish to telephone us we can look into this further with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Uppingham. Conveyancing will be smoother if you use a solicitor in Uppingham especially if they regularly deal with such properties in Uppingham.

I've recently bought a leasehold house in Uppingham. Do I have any liability for service charges relating to a period prior to my ownership?

In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

Uppingham Conveyancing for Leasehold Flats - Sample of Questions you should consider Prior to buying

The answer will be important as a) areas may result in problems for the block as the common areas may start to deteriorate where services remain unpaid b) if the leasehold owners have a dispute with the running of the building you will wish to know about it Its a good idea to find out as much as possible regarding the company managing the block as they can either make your life much easier or problematic. As the proprietor of a leasehold property you are often in the clutches of the managing agents from a financial perspective and when it comes to day to day matters such as the upkeep of the common parts. Ask prospective neighbours whether they are happy with them. Finally, find out the dates that the maintenance charges are due to the relevant party and specifically how they are spending the funds. On the whole the outlay for major works are not built into the service charges, although there some managing agents in Uppingham require tenants to contribute towards a reserve fund and this is used to offset against larger works.

How up-to-date is your search tool for the bank conveyancing panel in Uppingham? Do the banks send you an updated list?

Uppingham firms and firms conducting conveyancing in Uppingham themselves provide us confirmation that they are on the mortgage company conveyancing panel as opposed to being supplied with a list from the lender directly.